As with scads of other mega-corps attempting to keep their chins up while the global economy decides what it wants to do, Toshiba has announced that it is now forecasting a $468 million net loss in the first half of 2008. Interestingly, it's being reported that the firm is looking to its LCD HDTVs for growth as its chip business struggles, with plans to grab over 10% of the worldwide LCD TV market by 2011. For whatever reason, the outfit is still refusing to play ball with the lone remaining high-definition movie format, with Corporate Senior Vice President Yoshihide Fujii proclaiming that it has "no intention of adopting Blu-ray for [its] DVD players and recorders." Quite honestly, Tosh's refusal to go Blu is beyond the point of comic relief -- now, it's just downright perplexing.

Read - Toshiba dips into the red
Read - Toshiba counts on LCD TV growth
Read - Toshiba again refuses to go Blu

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Struggling Toshiba looks for help from LCDs, not Blu-ray